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Property profile & analytics
OFF-MARKET
Estimated value
$4,890,000
Grocery and convenience stores
4976 Steve Reynolds Blvd Norcross, GA 30093-4613
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US22-0117558
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
2013
Total area
3,446 SF
Lot
1.43 ac (62,291 SF)
Zoning code
C2-GENERAL BUSINESS
APN
6-173 -001B
UPID
US22-0117558
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Mr. Vicko Taqueria Norcross Restaurant
-
Food Mart Grocery & Convenience Store
-
Ricos Tacos Restaurant
-
Bp Gas Station Norcross Gas Station
-
Amazon Locker - Absence Postal Service Courier Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.20M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.07M
Blend (final)
Blend
$4.89M
Owner & transaction history
Mahadev Empire Blvd 2020 LLC · 3 yrs held
Mahadev Empire Blvd 2020 LLC
since 2023
Last sale
$4.7M
6 recorded transactions
Zoning & alternative use
C2-GENERAL BUSINESS · Norcross, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Norcross submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Norcross submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$5,055,000
ML approach
$5,200,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$4.89M
Range $4.40M – $5.38M · ±10% · vs last sale $4.65M (Feb 8 2023)
Last sale anchor
$4.65M
Feb 8 2023
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$1,419 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$30,657
Tax year 2023
Assessed value
$755,640
Assessed 2023
Previous assessed
$755,640
+0.0% YoY
Effective rate
4.06%
On assessed value
Assessed land
$180,520
Assessed improvement
$575,120
Land market value
$451,300
Improvement market value
$1,437,800
Total market value
$1,889,100
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
2013
Heating
NONE
Cooling
NONE
Stories
1
Total area
3,446 SF
Lot
1.43 ac (62,291 SF)
Zoning code
C2-GENERAL BUSINESS
APN
6-173 -001B
UPID
US22-0117558
Jurisdiction
GWINNETT
Zoning & alternative use
C2-GENERAL BUSINESS · Norcross, GA
Zoning C2-GENERAL BUSINESS · permitted uses
C2-GENERAL BUSINESS · Norcross, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Norcross. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2013
Heating
NONE
Cooling
Yes
Stories
1
Lot
1.43 ac
Current owner
From public records · entity-resolved
Mahadev Empire Blvd 2020 LLC
Entity
Mailing address
3559 JAYDEE CT, LILBURN, GA 30047-6909
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 8, 2023
$4,651,000
Mahadev Empire Blvd 2020 LLC
Oracle Venture LLC
Limited Warranty Deed
$3,000,000 · American Pride Bank
Jun 9, 2022
$18,000
Gwinnett County Georgia
Oracle Venture LLC
Warranty Deed
—
Feb 14, 2020
—
Oracle Venture LLC
—
Deed
related
$701,817 · Legacy State Bank
Aug 23, 2012
—
Oracle Venture LLC
Branch Bkng & Trust Co
Quit Claim Deed
related
—
Aug 23, 2012
$170,000
Oracle Venture LLC
Branch Bkng & Trust Co
Grant Deed
$1,081,544 · Peoples Community Nat'l Bank
Aug 31, 2009
$333,314
Colonial Bk
Terry,edward L
Trustees Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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